Polaroid

Excerpts From the Web Log Shining Light In Dark Corners

Posted by Donald J. Murphy,  October 18, 2006

The following article mentions General Ashcroft who was given numerous

opportunities to disclose corrupt bankruptcy judges which he reported before he

left office reporting such judges as members of a crime ring in our national

courts- his failure to disclose led to the Polaroid swindle which bankruptcy

predators Ashcroft now protects purchased Polaroid for $426 million in swindled

cash less than a year ago.. Ashcroft's comments on all of this to this author?

"I can't or won't get involved" making him as criminal as the judges he reported

and now protects- now Ashcroft lobbies for millions on Capitol Hill working with

congressional members who should have prosecuted Ashcroft and every one else who

has looked the other way.

Now tens of thousands fear going to court, including myself who suffered a

massive stroke over this matter in May of 2005, because they don't want to be

killed [some already have] by such bankruptcy court predators who Ashcroft

should have locked up but didn't- - now tens of thousands suffer- Time Magazine

wrote on this characterizing it as "The Great Retirement Rip-off" but has now

gone silent. The Boston Globe has also gone silent after having written

extensively on this leaving this author and the tens of thousands of ex-Polaroid

employees to wallow in poverty and swindled out of their jobs, their pensions,

their life estates, their lives.

Senator Hagel averred that no individual is above the law to which everyone he

said would agree- however, in the Polaroid matter, competent evidence has been

brought to congress, and everyone else for that matter, ever since the Polaroid

scandal hit the airwaves. It began in October of 2001 when Jacques Nasser put

Polaroid unlawfully into bankruptcy, and it continued when Minneapolis based

Thomas Petters unlawfully purchased Polaroid out of bankruptcy from Nasser for

$426 million in cash he swindled from this author and various and numerous other

senior citizens across the country. As a consequence of the bogus bankruptcy,

Congressmen Bill Delahunt and Congressman Martin Meehan of the Massachusetts

delegation led a coalition of other members of the Massachusetts delegation

including Senators Kennedy and Kerry to urge Nasser and Polaroid officials to

honor the pension plans of disenfranchised Polaroid employees who, notwithstanding this congressional scolding, lost their jobs, their pensions, all of which sent the bill for all of this to Public Benefit Guaranty Corporation and every taxpayer in this nation.

Because of what such delegation members initially did and later walked away from, as one of their many victims, author recently went to Washington, in order to make appropriate discoveries from the congressman and the Senators who were apparently outraged over the Polaroid swindle. Author asked Delahunt prior to his visit to Washington to come

forth with information known to him and the rest of his coalition as to the Polaroid swindle on which all 12 members of the Massachusetts delegation wrote in behalf of their constituents, all of whom were victimized by Nasser, Petters et al corroborated swindle of money to bankrupt Polaroid [substantially liquid at the time Polaroid was put into bankruptcy] and then take it back out of bankruptcy for $426 million in cash which Petters stole from author and various other senior citizens. This widespread swindle left author, his family, and tens of thousands in Massachusetts without jobs, pensions, their life estates, etc. leaving the bill for all of this court sanctioned crime, as Senator Grassley has espoused, to be paid by the Public Benefit Guaranty Corporation [PBGC] and ostensibly each and every taxpayer in this nation.

It is interesting to note that ever since the Polaroid swindle was completed in June of 2005 by Minneapolis entrepreneur Thomas Petters, and the money distributed to those who effected such swindle, all members of the Massachusetts congressional delegation went mysteriously silent and one must ask why this body of legislators who earlier had championed this assault upon Nasser and Polaroid in behalf of their victimized constituents suddenly went silent.

US Attorney David Kelley, in the near aftermath of the Enron conviction of Lay and Skilling, said that "where there is money, there is crime" and Kelley had much earlier turned the Minnesota [where Petters lives]component of this massive swindle over to the SEC for a criminal investigation, as Sensenbrenner's colleague Congressman Lamar Smith did the same with the Criminal Section of the Civil Rights Division at Department of Justice, and as three United States senators asked for a criminal investigation with the FBI and the US Attorney's office, including Paul Wellstone, now deceased, Mark Dayton, and Norm Coleman.

The uncontested evidence of this swindle was turned over to the SEC in June of 2005 by US Attorney David Kelley, just prior to the court's [US District Court for New York, Southern District] decision to allow the swindled taking of Polaroid by Minnesota entrepreneur Thomas Petters who had earlier worked with Jacques Nasser and other Wall Street con artists to put Polaroid unlawfully into bankruptcy in the Delaware district.

This author has researched the trail of the money movement by Nasser and Petters

and has produced prima facie evidence that millions of dollars have been swindled from he and tens of thousands of other victims in Massachusetts. This is why author asked Delahunt and other members of the Massachusetts delegation to come forth with evidence they are withholding which would indict those who effectuated such swindle. In fact, when this author went to Congressman Markey's office on this, Markey apologized to author and the author told Markey that he didn't think his apology would have any meaning to the thousands he [Markey] and his other Massachusetts congressional delegation members had deserted at this critical stage in this time of need.

Now the matter has been referred to the Department of Labor and its Employee

Benefits Security Administration [EBSA] who is investigating in Washington as

well as they are in Boston, Massachusetts, as is the SEC and the IRS for fraud

on various criminal counts, and with all of this going on, each and every member

of the Massachusetts delegation continues to fail to supply information which

this author has requested to indict Petters, Nasser et al for various counts of

fraud in the Minnesota, Colorado, California, New York, Delaware and

Massachusetts districts.

Moreover, and again while in Washington, the author went to Congressman Henry

Hyde, with whom the author rode into Washington from Chicago the previous day,

and told Hyde his story. Hyde told the author that this was something that he

should have taken to his state's [Minnesota] congressional delegation which of

course the author did on many previous occasions. Hyde said "why don't you just

get the media and head upstairs to Congressman Ramstad's office and demand that

he do something".

Sam Stratman, Hyde's liaison, was directed by Hyde to look at the author's evidence which included millions of dollars in bounced checks by Petters on at least seven (7) promissory Notes which Petters failed or refused to honor. Stratman couldn't understand how Petters could ever have gotten away with this where after author told Stratman to ask the judge who Petters had paid. The author told Hyde that all that was done to him could only be resolved by the various congressional committees who oversee crime and criminal judges in particular, but that given such corruption, it wasn't likely that any of such congressional members would even convene a hearing or entertain remedies.

The author asked Henry if he [as the prior chairman of the House Judiciary

Committee] could take the matter to Jim Sensenbrenner, its current chairman, so

that the author could have the matter heard by the committee and have at least

the corrupt judges involved indicted, but that went nowhere. Next, the author

went to see Congressman Lamar Smith, who in 2002, demanded that the Criminal

Section of the Civil Rights Division at Department of Justice criminally

investigate the matter. Smith chairs the subcommittee on the courts and the

federal judges who preside over them- the very same judges Ashcroft identified

as corrupt and who operate as a ring of organized crime in our national

bankruptcy courts. Even after Smith made these demands and DOJ did nothing, FBI

Director Mueller directed his unit chiefs at the bureau's Government Corruption/

Public Fraud units to investigate and they did nothing. The FBI as well as the

US Attorneys office had previously been asked to criminally investigate by US

Senators Wellstone, Dayton and Coleman and again did nothing.

Had any of those who had these massive crimes referred to them acted on such

requests, the Polaroid swindle would never have happened, but now that it has,

every taxpayer in this nation will have to pick up the tab because the people

they voted into office left them high and dry. They've been left high and dry

because the judges, as criminal as they are, can do anything and get away with

it.

If anyone in this country needs money, they go out and get a job. Bankruptcy

judges, when they need money, they pick up the phone to schedule a hearing with

a bankruptcy Trustee who the judge knows has money in his or her trust account,

and literally at the stroke of a pen, he or she moves that money out of the

trustee's trust account into his or her or their spouse's offshore bank account.

This is what US Trustee Barbara Stuart did in Minnesota in the author's case and

even though General Ashcroft fired her for that, the author still lost his money

to these corrupt judges.

Author was recently questioned why a corrupt bankruptcy judge would jeopardize his or her career over a $50,000 bribe but the answer soon became apparent- if this judge has a backlog of cases as most of them do, and can schedule 20 such hearings in a month at $50,000 a crack, just do the math- $1,000,000 per month on top of his or her salary paid for by the taxpayers of this country who in return have absolutely no justice available to them in a court of law. This is what the respective bankruptcy judges [just in the

Polaroid bankruptcy swindle] did in both the Minnesota and Delaware Districts

and after this money had been swindled, those who bribed the judges, siphoned

hundreds of millions of dollars out of Polaroid, the employees, their investors,

this author and his family, and left the bill for all of this to each and every

taxpayer in this nation.

Ask Labor Secretary Chao, ask Senator Grassley, ask General Ashcroft, ask the tens of thousands of Polaroid ex-employees who had their lives ripped apart- the story is the same, the resolution is also the same- nothing- why?--because the attorneys and trustees who built this nationwide ring of organized crime as reported by Ashcroft in his article on

corrupt bankruptcy judges, have undaunted power given to them by corrupt

bankruptcy judges [on retainer] to have anyone who interferes with this

machinery killed or thrown in jail. It's that simple. This is what happened to

this author.  It is what happened to others similarly aggrieved in the San

Francisco district. In one instance alone, they shot and killed [on the steps of

the San Francisco federal courthouse] a lawyer who was enroute to the US

Attorneys office to blow the whistle on various corrupt judges. What did

Congressmen Sensenbrenner, Smith and Senator Specter do about this? Nothing.

In this country, justice belongs to the owner of the fattest wallet, and more often than not, that wallet got fat because a judge stuffed it with stolen money while your elected officials keep insisting that no one is above the law.

When the author disclosed all of this to Congressman Hyde and his liaison Mike

Stratman [who looked though all of the compelling evidence of this swindle

including millions of dollars in bounced checks and unpaid promissory Notes of

Petters, plus confession affidavits on the bankruptcy fraud], both Hyde and

Stratman asked the author why he supposed nothing was ever done about all of

this. The author's response? You tell me- this is why I came to Washington. One

of the documents contained in the author's extensive amount of evidence on this

swindle was a letter signed by all twelve members of the Massachusetts

delegation; that is, Senators Kerry and Kennedy, Congressmen William Delahunt,

Martin Meehan, James McGovern, Michael Capuano, John Olver, Richard Neal, Barney

Frank, John Tierney, Edward Markey, Stephen Lynch. Author vividly remembers

Stratman holding this document in the air telling author that this [the signed

letter by each delegation member to Polaroid's Chief Counsel Neal Goldman

demanding that Polaroid honor its pension obligations to the tens of thousand of

their constituents] was a very powerful letter. Author told Stratman that he

didn't agree because every Massachusetts delegation member had turned their back

on the problem, and that he [the author] could think of only one reason why and

that was that they were paid to back off- this is why author asked Delahunt and

the other members to disclose documents which they thus far have failed or

refused to do. In fact, after the author flew over 1,000 miles to come to

Washington, Delahunt wouldn't even get out of his chair to acknowledge author's

presence, who stood just 4 feet away from Delahunt in his office.

After Stratman failed or refused to do anything, Hyde told author, "Well, I just

can't get involved; I'm retiring this fall after 33 years in congress." Hyde

wouldn't even pick up the phone to call his buddy Jim Sensenbrenner, who

replaced Hyde as chairman of the House Judiciary Committee.

What Hyde and Stratman didn't do, failed or refused to do, etc had nothing to do

with Henry's imminent retirement- it had to do with their knowledge that this is

a hot political potato and they don't want to get caught up in the corruption.

What neither of them realize is that by their failed or refused actions, they're

already involved in the corruption.

Now in the aftermath of this swindle, author has asked Massachusetts Governor

Romney, and via the Governor, his State Attorney General, and US Attorney to

intervene in behalf of his constituents with whom author stands ready to share

evidence necessary to criminally prosecute such Polaroid predators.

Those deliberating whether to become involved in this matter or not, must realize that if they are waiting for the courts or their elected representatives to restore their lives and life estates, they're barking up the wrong tree. These financial predators have already spent or squirreled your money away, and are now living lavishly while you worry about

paying the groceries or losing your homes.

This case is far too prominent to cover-up any further- it produced the largest

swindle ever to hit Wall Street; that is, the purchase of Polaroid with $426

million in embezzled cash and property by its purchaser Thomas Petters. Demand coverage by the media.

The author may be reached at msp3430@hotmail.com.

The views and facts expressed in this article are those of the writer.  Wells of Justice does not confirm or deny the contents.